Efficient management

had the opportunity to make a presentation in our organisation about the efficient management of resources being part of organisation transformation initiative.
The transformation of organisations are taking place all over the world and organisations are trying to transform themselves. Organisation does not want to be like a bonsai tree which remains as it is after years of growth.
The transformation are taking place either through leadership or by the people.
The transformation initiative coming from the leadership is common and leaders because of their vision, ability and charisma has transformed the organisation . There are numerous examples like Infosys, Wipro, Reliance and so on.
We should take note that transformation of organisation has also happened by the people in the organisation because they wanted to transform themselves in to better. The Amul story, the Grameena bank , etc stand testimony to the sprit of people.

I was little curious when I was asked to present whether it would be effective management or efficient management.
According to peter drucker,

“Effective is doing right thing”

“Efficient is doing things right”.

EFFECTIVE MANAGEMENT
Doing right thing is the ability to identify critical issues and opportunities that can change organization

EFFICIENT MANAGEMENT
Doing things right is maintaining and sustaining the growth for energizing and maximizing the change.

In this sense effective management comes with leadership at the top of affairs and efficient management is for the down the line ,for management of resources so that the issue is seized and progress is achieved.


Continued in next part